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Value Shop Brandes Investment Reports Q2 Portfolio: Buys TEL, CSCO, TAP, WMT, NWLI, GLW, UBS, VIV, PBR.A

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gurufocus

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Charles Brandes learned investing from Ben Graham. Probably that is why he is old fashioned with investing. He stays where low valuation is. To understand more about how he and his firm invests, please read the notes we took at the latest Value Investors’ Conference. This is the second quarter portfolio of Brandes Investment. As of 06/30/2011, Brandes Investment owns 185 stocks with a total value of $14.1 billion. These are the details of the buys and sells.

This is the portfolio chart of Charles Brandes. You can click on the legend of the chart to show/hide buys, sells, or holdings. Each ball on the chart represents a position in the portfolio. You can move your mouse on the balls to see the details of each position and click to see the details of all guru trades with this position.



For the details of Charles Brandes's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Charles+Brandes

This is the sector weightings of his portfolio:

Telecommunications 16.9%
Technology 16.5%
Financials 14.9%
Oil & Gas 12.2%
Industrials 11.6%
Health Care 9.8%
Not Assigned 5.4%
Consumer Services 5.4%
Consumer Goods 4.3%
Utilities 1.5%
Basic Materials 0.1%


These are the top 5 holdings of Charles Brandes

  1. TE Connectivity (TEL) - 14,828,258 shares, 3.8632% of the total portfolio. Shares added by 10000%
  2. Microsoft Corp. (MSFT) - 18,022,955 shares, 3.3211% of the total portfolio. Shares added by 11.06%
  3. Eletrobras S/A ADS (EBR) - 28,907,846 shares, 2.7659% of the total portfolio. Shares reduced by 5.96%
  4. Petroleo Brasileiro S/A ADS A (PBR.A) - 11,594,726 shares, 2.5211% of the total portfolio. Shares added by 16.41%
  5. Pfizer Inc. (PFE) - 17,238,865 shares, 2.5168% of the total portfolio. Shares reduced by 31.08%


Added: Corning Inc. (GLW)

Charles Brandes added to his holdings in Corning Inc. by 1426.11%. His purchase prices were between $17.37 and $21.08, with an estimated average price of $19.53. The impact to his portfolio due to this purchase was 1.41%. His holdings were 11,731,088 shares as of 06/30/2011.

Added: Ubs Ag (UBS)

Charles Brandes added to his holdings in Ubs Ag by 377.83%. His purchase prices were between $17.31 and $20, with an estimated average price of $18.55. The impact to his portfolio due to this purchase was 1.06%. His holdings were 10,396,298 shares as of 06/30/2011.

Added: Telecomunicacoes De Sao Paulo S/a Ads (VIV)

Charles Brandes added to his holdings in Telecomunicacoes De Sao Paulo S/a Ads by 46.5%. His purchase prices were between $27.96 and $46.66, with an estimated average price of $38.46. The impact to his portfolio due to this purchase was 0.38%. His holdings were 5,658,946 shares as of 06/30/2011.

Added: Petroleo Brasileiro S/a Ads A (PBR.A)

Charles Brandes added to his holdings in Petroleo Brasileiro S/a Ads A by 16.41%. His purchase prices were between $28.92 and $36.22, with an estimated average price of $31.45. The impact to his portfolio due to this purchase was 0.36%. His holdings were 11,594,726 shares as of 06/30/2011.

Added: Microsoft Corp. (MSFT)

Charles Brandes added to his holdings in Microsoft Corp. by 11.06%. His purchase prices were between $23.705 and $26.71, with an estimated average price of $25.04. The impact to his portfolio due to this purchase was 0.33%. His holdings were 18,022,955 shares as of 06/30/2011.

Added: Honda Motor Co. Ltd. Ads (HMC)

Charles Brandes added to his holdings in Honda Motor Co. Ltd. Ads by 49.68%. His purchase prices were between $33.94 and $38.8, with an estimated average price of $37.11. The impact to his portfolio due to this purchase was 0.3%. His holdings were 3,295,201 shares as of 06/30/2011.

Added: Masco Corp. (MAS)

Charles Brandes added to his holdings in Masco Corp. by 25.83%. His purchase prices were between $11.81 and $14.29, with an estimated average price of $13.17. The impact to his portfolio due to this purchase was 0.24%. His holdings were 13,726,658 shares as of 06/30/2011.

Added: Flextronics International Ltd. (FLEX)

Charles Brandes added to his holdings in Flextronics International Ltd. by 20.42%. His purchase prices were between $6.27 and $7.51, with an estimated average price of $6.92. The impact to his portfolio due to this purchase was 0.21%. His holdings were 26,803,101 shares as of 06/30/2011.

Added: Xerox Corp. (XRX)

Charles Brandes added to his holdings in Xerox Corp. by 11.83%. His purchase prices were between $9.4 and $10.88, with an estimated average price of $10.17. The impact to his portfolio due to this purchase was 0.16%. His holdings were 20,556,225 shares as of 06/30/2011.

Added: Western Digital Corp. (WDC)

Charles Brandes added to his holdings in Western Digital Corp. by 8.31%. His purchase prices were between $33.47 and $41.24, with an estimated average price of $36.84. The impact to his portfolio due to this purchase was 0.14%. His holdings were 7,020,343 shares as of 06/30/2011.

Added: Cemex S.a. De C.v. Ads (CX)

Charles Brandes added to his holdings in Cemex S.a. De C.v. Ads by 5.88%. His purchase prices were between $7.59 and $9.2, with an estimated average price of $8.34. The impact to his portfolio due to this purchase was 0.14%. His holdings were 40,638,775 shares as of 06/30/2011.

Added: Bp Plc Ads (BP)

Charles Brandes added to his holdings in Bp Plc Ads by 57.92%. His purchase prices were between $41.8 and $46.86, with an estimated average price of $44.4. The impact to his portfolio due to this purchase was 0.13%. His holdings were 1,172,169 shares as of 06/30/2011.

Added: Oshkosh (OSK)

Charles Brandes added to his holdings in Oshkosh by 208.83%. His purchase prices were between $25.67 and $36.36, with an estimated average price of $29.9. The impact to his portfolio due to this purchase was 0.05%. His holdings were 383,414 shares as of 06/30/2011.

Added: Hsbc Holdings Plc Ads (HBC)

Charles Brandes added to his holdings in Hsbc Holdings Plc Ads by 427.3%. His purchase prices were between $48.24 and $54.73, with an estimated average price of $51.87. The impact to his portfolio due to this purchase was 0.05%. His holdings were 174,192 shares as of 06/30/2011.

Added: China Mobile Ads (CHL)

Charles Brandes added to his holdings in China Mobile Ads by 119.29%. His purchase prices were between $43.77 and $47.65, with an estimated average price of $45.73. The impact to his portfolio due to this purchase was 0.03%. His holdings were 145,630 shares as of 06/30/2011.

Added: Diageo Plc Ads (DEO)

Charles Brandes added to his holdings in Diageo Plc Ads by 98.13%. His purchase prices were between $76.75 and $85.42, with an estimated average price of $81.35. The impact to his portfolio due to this purchase was 0.02%. His holdings were 81,750 shares as of 06/30/2011.

Added: Procter & Gamble Co. (PG)

Charles Brandes added to his holdings in Procter & Gamble Co. by 24.01%. His purchase prices were between $61.67 and $67.46, with an estimated average price of $64.73. The impact to his portfolio due to this purchase was 0.02%. His holdings were 208,488 shares as of 06/30/2011.

Added: St. Joe Co. (JOE)

Charles Brandes added to his holdings in St. Joe Co. by 61.01%. His purchase prices were between $18.42 and $27.09, with an estimated average price of $22.95. The impact to his portfolio due to this purchase was 0.01%. His holdings were 243,602 shares as of 06/30/2011.

Added: Officemax Inc. (OMX)

Charles Brandes added to his holdings in Officemax Inc. by 1158.99%. His purchase prices were between $6.27 and $13.78, with an estimated average price of $9.41. The impact to his portfolio due to this purchase was 0.01%. His holdings were 267,975 shares as of 06/30/2011.

Added: Partner Communications Company Ltd. (PTNR)

Charles Brandes added to his holdings in Partner Communications Company Ltd. by 35.72%. His purchase prices were between $14.76 and $19.42, with an estimated average price of $17.59. The impact to his portfolio due to this purchase was 0.01%. His holdings were 245,791 shares as of 06/30/2011.

New Purchase: Te Connectivity (TEL)

Charles Brandes initiated holdings in Te Connectivity. His purchase prices were between $33.58 and $37.9, with an estimated average price of $35.57. The impact to his portfolio due to this purchase was 3.86%. His holdings were 14,828,258 shares as of 06/30/2011.

New Purchase: Molson Coors Brewing Co. Cl B (TAP)

Charles Brandes initiated holdings in Molson Coors Brewing Co. Cl B. His purchase prices were between $44.04 and $49.39, with an estimated average price of $46.02. The impact to his portfolio due to this purchase was 0.07%. His holdings were 209,341 shares as of 06/30/2011.

New Purchase: Cisco Systems Inc. (CSCO)

Charles Brandes initiated holdings in Cisco Systems Inc.. His purchase prices were between $14.84 and $18.07, with an estimated average price of $16.49. The impact to his portfolio due to this purchase was 0.07%. His holdings were 648,574 shares as of 06/30/2011.

New Purchase: Walmart Stores (WMT)

Charles Brandes initiated holdings in Walmart Stores. His purchase prices were between $52.13 and $56.06, with an estimated average price of $53.92. The impact to his portfolio due to this purchase was 0.05%. His holdings were 131,397 shares as of 06/30/2011.

New Purchase: National Western Life Insurance Company (NWLI)

Charles Brandes initiated holdings in National Western Life Insurance Company. His purchase prices were between $150 and $163.94, with an estimated average price of $156.27. The impact to his portfolio due to this purchase was 0.01%. His holdings were 7,956 shares as of 06/30/2011.

Reduced: Verizon Communications Inc. (VZ)

Charles Brandes reduced to his holdings in Verizon Communications Inc. by 90.74%. His sale prices were between $35.12 and $38.61, with an estimated average price of $36.87. The impact to his portfolio due to this sale was -1.59%. Charles Brandes still held 614,369 shares as of 06/30/2011.

Reduced: Texas Instruments Inc. (TXN)

Charles Brandes reduced to his holdings in Texas Instruments Inc. by 94.42%. His sale prices were between $31.24 and $35.9, with an estimated average price of $34.01. The impact to his portfolio due to this sale was -1.11%. Charles Brandes still held 277,525 shares as of 06/30/2011.

Reduced: Pfizer Inc. (PFE)

Charles Brandes reduced to his holdings in Pfizer Inc. by 31.08%. His sale prices were between $19.79 and $21.45, with an estimated average price of $20.59. The impact to his portfolio due to this sale was -1.08%. Charles Brandes still held 17,238,865 shares as of 06/30/2011.

Reduced: Alcatellucent Ads (ALU)

Charles Brandes reduced to his holdings in Alcatellucent Ads by 49%. His sale prices were between $5.06 and $6.54, with an estimated average price of $5.77. The impact to his portfolio due to this sale was -0.43%. Charles Brandes still held 11,187,180 shares as of 06/30/2011.

Reduced: Dell Inc. (DELL)

Charles Brandes reduced to his holdings in Dell Inc. by 20.23%. His sale prices were between $14.25 and $16.75, with an estimated average price of $15.68. The impact to his portfolio due to this sale was -0.39%. Charles Brandes still held 15,309,021 shares as of 06/30/2011.

Reduced: Lm Ericsson Telephone Company (ERIC)

Charles Brandes reduced to his holdings in Lm Ericsson Telephone Company by 20.98%. His sale prices were between $12.18 and $15.38, with an estimated average price of $14.06. The impact to his portfolio due to this sale was -0.23%. Charles Brandes still held 10,065,839 shares as of 06/30/2011.

Reduced: Portugal Telecom Sgps S/a Ads (PT)

Charles Brandes reduced to his holdings in Portugal Telecom Sgps S/a Ads by 20.77%. His sale prices were between $9.53 and $12.69, with an estimated average price of $11.45. The impact to his portfolio due to this sale was -0.22%. Charles Brandes still held 10,467,512 shares as of 06/30/2011.

Reduced: Supervalu Inc. (SVU)

Charles Brandes reduced to his holdings in Supervalu Inc. by 33.9%. His sale prices were between $8.48 and $11.26, with an estimated average price of $9.81. The impact to his portfolio due to this sale was -0.19%. Charles Brandes still held 6,124,421 shares as of 06/30/2011.

Reduced: Telecom Corp. Of New Zealand Ltd. Ads (NZT)

Charles Brandes reduced to his holdings in Telecom Corp. Of New Zealand Ltd. Ads by 36.49%. His sale prices were between $7.66 and $10.1, with an estimated average price of $9. The impact to his portfolio due to this sale was -0.09%. Charles Brandes still held 3,024,560 shares as of 06/30/2011.

Reduced: Kraft Foods Inc. Cl A (KFT)

Charles Brandes reduced to his holdings in Kraft Foods Inc. Cl A by 33.53%. His sale prices were between $31.49 and $35.23, with an estimated average price of $33.9. The impact to his portfolio due to this sale was -0.04%. Charles Brandes still held 332,917 shares as of 06/30/2011.

Reduced: International Flavors & Fragrances Inc. (IFF)

Charles Brandes reduced to his holdings in International Flavors & Fragrances Inc. by 85.68%. His sale prices were between $60.57 and $65.24, with an estimated average price of $62.77. The impact to his portfolio due to this sale was -0.03%. Charles Brandes still held 10,590 shares as of 06/30/2011.

Reduced: Mi Developments Inc. Cl A (MIM)

Charles Brandes reduced to his holdings in Mi Developments Inc. Cl A by 71.1%. His sale prices were between $27.02 and $30.81, with an estimated average price of $29.75. The impact to his portfolio due to this sale was -0.02%. Charles Brandes still held 38,297 shares as of 06/30/2011.

Reduced: Alexander & Baldwin Inc. (ALEX)

Charles Brandes reduced to his holdings in Alexander & Baldwin Inc. by 21.83%. His sale prices were between $44.83 and $54.47, with an estimated average price of $48.96. The impact to his portfolio due to this sale was -0.02%. Charles Brandes still held 182,440 shares as of 06/30/2011.

Reduced: Petrochina Co. Ltd. Ads (PTR)

Charles Brandes reduced to his holdings in Petrochina Co. Ltd. Ads by 38.63%. His sale prices were between $132.22 and $156.44, with an estimated average price of $142.38. The impact to his portfolio due to this sale was -0.02%. Charles Brandes still held 21,422 shares as of 06/30/2011.

Reduced: Vitran Corp. Inc. (VTNC)

Charles Brandes reduced to his holdings in Vitran Corp. Inc. by 23.06%. His sale prices were between $12.6 and $15.74, with an estimated average price of $14.34. The impact to his portfolio due to this sale was -0.01%. Charles Brandes still held 237,678 shares as of 06/30/2011.

Reduced: Nv Energy (NVE)

Charles Brandes reduced to his holdings in Nv Energy by 87.63%. His sale prices were between $14.64 and $15.89, with an estimated average price of $15.3. The impact to his portfolio due to this sale was -0.01%. Charles Brandes still held 11,075 shares as of 06/30/2011.

Reduced: Chicopee Bancorp Inc. (CBNK)

Charles Brandes reduced to his holdings in Chicopee Bancorp Inc. by 84.73%. His sale prices were between $13.91 and $14.69, with an estimated average price of $14.32. The impact to his portfolio due to this sale was -0.01%. Charles Brandes still held 15,210 shares as of 06/30/2011.

Reduced: Qlt Inc. (QLTI)

Charles Brandes reduced to his holdings in Qlt Inc. by 55.08%. His sale prices were between $6.75 and $8.52, with an estimated average price of $7.5. The impact to his portfolio due to this sale was -0.01%. Charles Brandes still held 79,000 shares as of 06/30/2011.

Sold Out: Dow Chemical Co. (DOW)

Charles Brandes sold out his holdings in Dow Chemical Co.. His sale prices were between $34.43 and $40.99, with an estimated average price of $37.1.

Sold Out: Goodyear Tire & Rubber Co. (GT)

Charles Brandes sold out his holdings in Goodyear Tire & Rubber Co.. His sale prices were between $14.61 and $18.72, with an estimated average price of $16.29.

Sold Out: Sara Lee Corp. (SLE)

Charles Brandes sold out his holdings in Sara Lee Corp.. His sale prices were between $17.9 and $19.66, with an estimated average price of $18.92.

Sold Out: Dst Systems Inc. (DST)

Charles Brandes sold out his holdings in Dst Systems Inc.. His sale prices were between $46.66 and $55.12, with an estimated average price of $49.92.

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gurufocus
GuruFocus - Stock Picks and Market Insight of Gurus

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